Analyst: Under the calm US inflation data, there may be hidden dangers, and traders will closely monitor the performance of core service industries Odaily Planet Daily News: Ilya Spivak, Global Macro Head of Tastylive, said that the next catalyst for the market is likely to come from inflation data itself. Economists predict that the overall CPI annual rate in February in the United States will reach 2.4%, and the core CPI annual rate will reach 2.5%. However, through the surface of the data, a key risk can be vaguely identified. An important driving factor for the January CPI data is the decrease in the contribution of energy prices to overall inflation. Against the backdrop of rising oil prices in early 2026, it seems extremely difficult to reproduce this situation. Regardless of what this means for the energy sub item in the February CPI data, traders will eagerly monitor whether core price growth (especially in the service sector) continues to decline slightly. This may stimulate people's hope for the normalization of inflation after the Middle East war subsides, thereby helping to calm the market's anxious emotions. If not, fragile financial markets may experience "safe haven" volatility again, as investors will once again face the possibility of interest rates remaining high for a longer period of time. This will foreshadow an unfavorable situation for stocks, bonds, and currencies other than the US dollar. (Golden Ten)